Submission for OMB Review; Comment Request, 25440-25441 [2012-10283]

Download as PDF 25440 Federal Register / Vol. 77, No. 83 / Monday, April 30, 2012 / Notices opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3507(a)(1)(D)). The Bureau is soliciting comments regarding the information collection requirements relating to the Interstate Land Sales Full Disclosure Act that have been submitted to the Office of Management and Budget for review and approval. A copy of the submission may be obtained by contacting the agency contact listed below. Written comments are encouraged and must be received on or before May 30, 2012 to be assured of consideration. DATES: You may submit comments, identified by OMB number 3170–0012, by any of the following methods: • Agency Contact: Consumer Financial Protection Bureau (Attention: PRA Office), 1700 G Street NW., Washington, DC 20552: (202) 435–7741: CFPB_Public_PRA@cfpb.gov. • OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503; (202) 395–7873. FOR FURTHER INFORMATION CONTACT: Requests for additional information should be directed to Joseph Durbala, (202) 435–7893, at the Consumer Financial Protection Bureau, (Attention: Joseph Durbala, PRA Office), 1700 G Street NW., Washington, DC 20552, or through the internet at CFPB_Public_PRA@cfpb.gov. ADDRESSES: mstockstill on DSK4VPTVN1PROD with NOTICES SUPPLEMENTARY INFORMATION: Title: Interstate Land Sales Full Disclosure Act (Regulations J, K, and L) 12 CFR Part 1010. OMB Number: 3170–0012. Abstract: The respondents are land developers (or attorneys or others who work for them). Developers must submit an initial Statement of Record (registration) to the CFPB and receive an effective date before they can offer lots for sale or lease. The Statement of Record includes the proposed property report and additional information and documents that support the developer’s disclosures in the property report. The developer is responsible for ensuring that the registration is accurate and does not omit information needed for a purchaser to make an informed decision. Developers must give purchasers an effective property report before the purchaser signs the sales contract. Developers must submit amendments to their registrations if any information in their initial registration changes. They must also submit a VerDate Mar<15>2010 17:59 Apr 27, 2012 Jkt 226001 consolidated filing if they offer additional lots for sale. Each year the developer must submit an annual financial statement and an annual report that is prepared in the format required by Section 1010.310 of the regulations. A developer may voluntarily suspend his registration by submitting a Voluntary Suspension form or through the Annual Report. There are no other forms. The CFPB conducts a facial review of the submissions. The developer may request an Advisory Opinion if a developer has questions about the applicability of one of the exemptions from registration. A CFPB determination is required only if a developer claims an exemption from registration under the multiple site or substantial compliance exemption. The other 24 exemptions are selfdetermining. Finally, the CFPB may require additional information from developers in response to investigations of complaints. The Voluntary Suspension form is voluntary and is a convenient way for developers to voluntarily suspend their registration. The form is not required and is not the only way that developers may close their registration. They may also end their registration through their annual report. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for profits. Estimated Number of Responses: 88,887. Estimated Time per Response: 23 minutes. Estimated Total Annual Burden Hours: 34,563. Dated: April 6, 2012. Chris Willey, Chief Information Officer, Bureau of Consumer Financial Protection. [FR Doc. 2012–10285 Filed 4–27–12; 8:45 am] BILLING CODE 4810–AM–P BUREAU OF CONSUMER FINANCIAL PROTECTION Submission for OMB Review; Comment Request Bureau of Consumer Financial Protection. ACTION: Notice and request for comments. AGENCY: The Bureau of Consumer Financial Protection (Bureau), as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed SUMMARY: PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3507(a)(1)(D)). The Bureau is soliciting comments regarding the information collection requirements relating to the Truth in Lending Act that have been submitted to the Office of Management and Budget for review and approval. A copy of the submission may be obtained by contacting the agency contact listed below. DATES: Written comments are encouraged and must be received on or before May 30, 2012 to be assured of consideration. You may submit comments, identified by OMB number 3170–0015, by any of the following methods: • Agency Contact: Consumer Financial Protection Bureau (Attention: PRA Office), 1700 G Street NW., Washington, DC 20552: (202) 435–7741: CFPB_Public_PRA@cfpb.gov. • OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503; (202) 395–7873. FOR FURTHER INFORMATION CONTACT: Requests for additional information should be directed to Joseph Durbala, (202) 435–7893, at the Consumer Financial Protection Bureau, (Attention: Joseph Durbala, PRA Office), 1700 G Street NW., Washington, DC 20552, or through the internet at CFPB_Public_PRA@cfpb.gov. ADDRESSES: Title: Truth in Lending Act (Regulation Z) 12 CFR Part 1026. OMB Number: 3170–0015. Abstract: Federal and state enforcement agencies and private litigants use records retained under the requirement of Regulation Z to ascertain whether accurate and complete disclosures of the cost of credit have been provided to consumers prior to consummation of the credit obligation and, in some instances, during the loan term. The information is also used to determine whether other actions required under the TILA, including complying with billing error resolution procedures and limitation of consumer liability for unauthorized use of credit, have been met. The information retained provides the primary evidence of law violations in TILA enforcement actions brought by Federal agencies. Without the Regulation Z recordkeeping requirement, the agencies’ ability to enforce the TILA would be significantly impaired. As noted above, consumers rely on the disclosures required by the TILA and Regulation Z to shop among SUPPLEMENTARY INFORMATION: E:\FR\FM\30APN1.SGM 30APN1 Federal Register / Vol. 77, No. 83 / Monday, April 30, 2012 / Notices options and to facilitate informed credit decision making. Without this information, consumers would be severely hindered in their ability to assess the true costs and terms of financing offered. Also, without the special billing error information, consumers would be unable to detect and correct errors or fraudulent charges on their open-end credit accounts. Additionally, enforcement agencies and private litigants need the information in these disclosures to enforce the TILA and Regulation Z. See 15 U.S.C. 1607, 1640. Affected Public: Businesses or other for profits. Estimated Number of Responses: 201,389,041. Estimated Time per Response: 2 Minutes. Estimated Total Annual Burden Hours: 6,467,000. Dated: April 6, 2012. Chris Willey, Chief Information Officer, Bureau of Consumer Financial Protection. [FR Doc. 2012–10283 Filed 4–27–12; 8:45 am] BILLING CODE 4810–AM–P BUREAU OF CONSUMER FINANCIAL PROTECTION Proposed Collection; Comment Request Bureau of Consumer Financial Protection. ACTION: Notice and request for comment. AGENCY: The Bureau of Consumer Financial Protection (Bureau), as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Bureau is soliciting comments concerning the information collection efforts relating to streamlining inherited regulations. DATES: Written comments should be received on or before June 29, 2012 to be assured of consideration. ADDRESSES: You may submit comments by any of the following methods: • Electronic: CFPB_Public_PRA@cfpb.gov. • Mail/Hand Delivery/Courier: Direct all written comments to Consumer Financial Protection Bureau, (Attention: PRA Office), 1700 G Street NW., Washington, DC 20552. mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:59 Apr 27, 2012 Jkt 226001 Instructions: Comments will be available for public inspection and copying at 1700 G Street NW., Washington, DC 20552 on official business days between the hours of 10 a.m. and 5 p.m. Eastern Time. You can make an appointment to inspect comments by telephoning (202) 435– 7275. All comments, including attachments and other supporting materials, will become part of the public record and subject to public disclosure. You should only submit information that you wish to make available publicly. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the documents contained under this approval number should be directed to R. Joseph Durbala, (202) 435–7893, at the Consumer Financial Protection Bureau, (Attention: R. Joseph Durbala, PRA Office),1700 G Street NW., Washington, DC 20552, or through the internet at CFPB_Public_PRA@cfpb.gov. SUPPLEMENTARY INFORMATION: Title: Streamlining Inherited Regulations. OMB Number: 3170–0020. Form Number: N/A. Abstract: The purpose of this data collection is to help the Bureau identify priority areas for such streamlining. The Bureau’s effort to identify and address such priorities is and will continue to be based in part on guidance provided by the Office of Management and Budget Memorandum for the Heads of Independent Regulatory Agencies, M–11–28, ‘‘Executive Order 13579, ‘Regulation and Independent Regulatory Agencies’’’ (July 22, 2011). That guidance discusses the importance of opportunities for public participation in the development of any retrospective analysis plan. Consistent with this guidance, the Bureau seeks to reach interested parties through two mechanisms. The first mechanism is a Federal Register notice. On December 5, 2011, a notice titled ‘‘Streamlining Inherited Regulations’’ was published in the Federal Register. The notice seeks comment in writing, or through the regulations.gov Web site. The data collection for which the Bureau now seeks approval would be the second mechanism. In order to reach respondents that might not be inclined to respond to the Federal Register notice, the Bureau seeks to collect input from interested parties through a specialized web tool on the CFPB Web site. Current Actions: There is no change in the paperwork burden previously approved by OMB. This form is being submitted for renewal purposes only. PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 25441 Type of Review: Extension of a currently approved collection. Affected Public: Individuals and Households. Estimated Number of Responses: 500. Estimated Time per Respondent: 1 hour. Estimated Total Annual Burden Hours: 500. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information, including the validity of the methodology and the assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Dated: April 9, 2012. Chris Willey, Chief Information Officer, Bureau of Consumer Financial Protection. [FR Doc. 2012–10284 Filed 4–27–12; 8:45 am] BILLING CODE 4810–AM–P DEPARTMENT OF DEFENSE Office of the Secretary Revised Non-Foreign Overseas Per Diem Rates Per Diem, Travel and Transportation Allowance Committee, DoD. ACTION: Notice of revised non-foreign overseas per diem rates. AGENCY: The Per Diem, Travel and Transportation Allowance Committee is publishing Civilian Personnel Per Diem Bulletin Number 281. This bulletin lists revisions in the per diem rates prescribed for U.S. Government employees for official travel in Alaska, Hawaii, Puerto Rico, the Northern SUMMARY: E:\FR\FM\30APN1.SGM 30APN1

Agencies

[Federal Register Volume 77, Number 83 (Monday, April 30, 2012)]
[Notices]
[Pages 25440-25441]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-10283]


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BUREAU OF CONSUMER FINANCIAL PROTECTION


Submission for OMB Review; Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Bureau of Consumer Financial Protection (Bureau), as part 
of its continuing effort to reduce paperwork and respondent burden, 
invites the general public and other Federal agencies to take this 
opportunity to comment on proposed and/or continuing information 
collections, as required by the Paperwork Reduction Act of 1995, Public 
Law 104-13 (44 U.S.C. 3507(a)(1)(D)). The Bureau is soliciting comments 
regarding the information collection requirements relating to the Truth 
in Lending Act that have been submitted to the Office of Management and 
Budget for review and approval. A copy of the submission may be 
obtained by contacting the agency contact listed below.

DATES: Written comments are encouraged and must be received on or 
before May 30, 2012 to be assured of consideration.

ADDRESSES: You may submit comments, identified by OMB number 3170-0015, 
by any of the following methods:
     Agency Contact: Consumer Financial Protection Bureau 
(Attention: PRA Office), 1700 G Street NW., Washington, DC 20552: (202) 
435-7741: CFPB_Public_PRA@cfpb.gov.
     OMB Reviewer: Shagufta Ahmed, Office of Management and 
Budget, New Executive Office Building, Room 10235, Washington, DC 
20503; (202) 395-7873.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to Joseph Durbala, (202) 435-7893, at the Consumer 
Financial Protection Bureau, (Attention: Joseph Durbala, PRA Office), 
1700 G Street NW., Washington, DC 20552, or through the internet at 
CFPB_Public_PRA@cfpb.gov.

SUPPLEMENTARY INFORMATION: Title: Truth in Lending Act (Regulation Z) 
12 CFR Part 1026.
    OMB Number: 3170-0015.
    Abstract: Federal and state enforcement agencies and private 
litigants use records retained under the requirement of Regulation Z to 
ascertain whether accurate and complete disclosures of the cost of 
credit have been provided to consumers prior to consummation of the 
credit obligation and, in some instances, during the loan term. The 
information is also used to determine whether other actions required 
under the TILA, including complying with billing error resolution 
procedures and limitation of consumer liability for unauthorized use of 
credit, have been met. The information retained provides the primary 
evidence of law violations in TILA enforcement actions brought by 
Federal agencies. Without the Regulation Z recordkeeping requirement, 
the agencies' ability to enforce the TILA would be significantly 
impaired. As noted above, consumers rely on the disclosures required by 
the TILA and Regulation Z to shop among

[[Page 25441]]

options and to facilitate informed credit decision making. Without this 
information, consumers would be severely hindered in their ability to 
assess the true costs and terms of financing offered. Also, without the 
special billing error information, consumers would be unable to detect 
and correct errors or fraudulent charges on their open-end credit 
accounts. Additionally, enforcement agencies and private litigants need 
the information in these disclosures to enforce the TILA and Regulation 
Z. See 15 U.S.C. 1607, 1640.
    Affected Public: Businesses or other for profits.
    Estimated Number of Responses: 201,389,041.
    Estimated Time per Response: 2 Minutes.
    Estimated Total Annual Burden Hours: 6,467,000.

    Dated: April 6, 2012.
Chris Willey,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2012-10283 Filed 4-27-12; 8:45 am]
BILLING CODE 4810-AM-P